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Shoals Technologies Group revenue
Shoals Technologies Group's revenue is $399.2 million.
What is Shoals Technologies Group's revenue?
- Shoals Technologies Group's revenue growth from 2020 to 2024 is 127.45%.
- Shoals Technologies Group has 50 employees, and the revenue per employee ratio is $7,984,160.
- Shoals Technologies Group's peak quarterly revenue was $134.2M in 2023(q3).
- Shoals Technologies Group peak revenue was $488.9M in 2023.
- Shoals Technologies Group annual revenue for 2023 was 488.9M, 49.55% growth from 2022.
- Shoals Technologies Group annual revenue for 2024 was 399.2M, -18.35% growth from 2023.
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Shoals Technologies Group historical revenue
Shoals Technologies Group's peak revenue was $488.9M in 2023. The peak quarterly revenue was $134.2M in 2023(q3).
Shoals Technologies Group's revenue increased from $175.5m in 2020 to $399.2M currently. That's a 127.45% change in annual revenue.
Shoals Technologies Group annual revenue
Shoals Technologies Group annual revenue over time
| Fiscal year / year | Shoals Technologies Group revenue |
|---|---|
| 2020 | $175.5M |
| 2021 | $213.2M |
| 2022 | $326.9M |
| 2023 | $488.9M |
| 2024 | $399.2M |
How accurately did Shoals Technologies Group's revenue projections match actual performance?
Shoals Technologies Group annual growth
Shoals Technologies Group saw the greatest revenue growth in 2022, when revenue increased by 53.34%.
Shoals Technologies Group had the lowest revenue growth in 2021, when revenue changed by 21.48%.
Shoals Technologies Group annual growth rate over time
| Year | Shoals Technologies Group growth |
|---|---|
| 2021 | 21%↑ |
| 2022 | 53%↑ |
| 2023 | 50%↑ |
| 2024 | -18%↓ |
Shoals Technologies Group quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
Shoals Technologies Group quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2020 | - | - | - | $38.8M |
| 2021 | $45.6M | $59.7M | $59.8M | $48.0M |
| 2022 | $68.0M | $73.5M | $90.8M | $94.7M |
| 2023 | $105.1M | $119.2M | $134.2M | $130.4M |
| 2024 | $90.8M | $99.2M | $102.2M | $107.0M |
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Shoals Technologies Group financial information
| CEO | Jason Whitaker |
| Company Type | Public |
| Employees Number | 50 |
| Headquarters | Portland, Tennessee |
| Number of Locations | 1 |
| Revenue | $399.2M |
| Net Income | $127,611,000 |
| Gross Proft | $142.0M (2024) |
| EBITDA | $59.8M (2024) |
| Tax Rate | 0.4% |
| Total Assets | $594,895,000 |
| Ticker | SHLS |
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Shoals Technologies Group financing
Shoals Technologies Group received early financing of $6.5M on 2021-09-10.
| Series | Round size | Date |
|---|---|---|
| Series Unknown | $6.5M | 09/2021 |
Shoals Technologies Group competitors
Shoals Technologies Group's top competitor, First Solar, earned an annual revenue of $4.2B.
Shoals Technologies Group's smallest competitor is IntegriCo Composites with revenue of $480.0K last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| First Solar | $68,686 | $4.2B | 6,400 | 187 |
| SMSC | $97,009 | $412.1M | 1,064 | - |
| Ceres Technologies | $47,074 | $21.2M | 50 | - |
| Natcore Technology | $76,591 | - | 10 | - |
| OMCO Solar | $47,788 | $5.7M | 92 | - |
| Schletter Group | $50,080 | $54.5M | 200 | - |
| Mission Solar Energy | $61,659 | $35.1M | 375 | - |
| OFS International | $61,816 | $94.7M | 300 | 11 |
| Endura Products | $43,141 | $130.0M | 750 | - |
| A123 Systems | $70,118 | $826.7M | 2,000 | 19 |
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Zippia gives an in-depth look into the details of Shoals Technologies Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Shoals Technologies Group. The employee data is based on information from people who have self-reported their past or current employments at Shoals Technologies Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Shoals Technologies Group. The data presented on this page does not represent the view of Shoals Technologies Group and its employees or that of Zippia.
Shoals Technologies Group may also be known as or be related to Shoals Technologies Group.